$2,286 Closing Credit*
$192,500
1,858 SqFt
4 Beds
•2 Full Baths
Beth M Formaniak, Listing Office: MJ Peterson Real Estate Inc.
Is South Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, South Park has remained a Seller's Market.
Key Takeaway
South Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Park, NY
How much do homes in South Park, NY cost?
Median Sold Price
$212,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,000(+1.0%)
Key Takeaway
Homes in South Park have sold for 1% more than they did a year ago.
Summary: The median home sold price in South Park was $212,000 in November 2024, up 1% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $161K | $174.2K | +8.2% |
| 3 Bedrooms | $200.5K | $215K | +7.2% |
| 4 Bedrooms | $210K | $190K | -9.5% |
| 5+ Bedrooms | $248.7K | $248.6K | 0% |
Summary: South Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| South Abbott | $225K | $274K | +21.8% |
| Abbott McKinley | $200K | $235K | +17.5% |
| Triangle | $170K | $185K | +8.8% |
| South Park | $210K | $212K | +1.0% |
Housing Supply in South Park, NY
How many homes are available in South Park, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 23 | -17.9% |
Summary: The South Park real estate market had 23 homes for sale in November 2024, a 17.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 15 | 11 | -26.7% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The South Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Park, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in South Park in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for South Park, NY
How long does it take to sell a home in South Park, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 26 Days | +35.1% |
Summary: Homes in South Park had an average of 26 days on market in Nov 2024, up by 35.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in South Park; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
